The Ahmedabad bench of the National Company Law Tribunal (NCLT) has refused to direct the Resolution Professional (RP) of Blu-Smart Charge Pvt. Ltd. to remove the company’s assets from the licensed premises or hand over possession to Eldeco Infrastructure and Properties Limited.
The order was passed by Judicial Member Shammi Khan and Technical Member Sanjeev Sharma.
Eldeco had entered into a Leave and Licence Agreement with Blu-Smart Charge on July 11, 2023. The agreement was terminated on April 19, 2025, after which Civil Suit No. 3979 of 2025 was instituted before the Civil Judge, Faridabad. On December 8, 2025, the civil court directed the parties to maintain status quo. The suit is stated to be pending.
Blu-Smart Charge was admitted…